How Many New Mines Are Needed for the Energy Transition?

By Bruno Venditti – Visual Capitalist

The energy transition relies on the minerals necessary to build electric vehicles, batteries, solar farms, and wind turbines. In an economy moving away from fossil fuels every day, sourcing the materials required for this shift presents one of the biggest challenges.

This graphic forecasts the number of mines that must be developed to meet the expected demand for energy transition raw materials and chemicals by 2030. This data comes exclusively from Benchmark Mineral Intelligence as of November 2024.